Located in the heart of West Los Angeles, adjacent to Century City, 1812 Westholme Ave is a well-maintained 12-unit multifamily property offering both stability and significant upside potential. Built in 1968, the property consists of (10) one-bedroom, one-bathroom units and (2) studio units. Recent capital improvements include a completed seismic… Read More retrofit and brand-new electric subpanels, ensuring long-term durability and compliance. The property will be delivered with three vacant units, providing immediate value-add potential. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. Strategically positioned just moments from Century City Mall, 1812 Westholme Ave offers unparalleled access to premier shopping, dining, entertainment, and major employment centers. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Monempour 310-425-9838
Listing Snapshot
Days Online
95
Last Updated
Property Type
Other
Beds
12
Square Ft.
7,994
Lot Size
0.17 Acres
Year Built
1968
MLS Number
25498139
30 Days Snapshot Of 90025
$1.35M
+2%
(avg) sold price
16
-15%
homes sold
66
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1968, Building area total: 7,994, Levels: Two, Living area: 7994, 2 stories, 1 building
Heating
Electric
Income
Gross income: $286,069, Net operating income: $181,571
Lot
0.174 acres, 7,579 square feet, Size: 7,579
Parking
12 totals parking, DrivewayDownSlopeFromStreet
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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